# NWM Advisors, LLC

> NWM Advisors, LLC is an SEC-registered investment advisory firm in San Luis Obispo, CA, registered since 2016, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 13, 2026.

- CRD: 283714
- Filed as: NWM ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Luis Obispo, CA
- Filing period: October 2026
- Form ADV filing dated: February 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283714
- AdvisorCensus page: https://advisorcensus.com/firm/nwm-advisors-llc-san-luis-obispo-ca-283714

## Quick answers

**How is NWM Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), NWM Advisors, LLC reports these compensation arrangements: a percentage of assets under its management.

**How much does NWM Advisors, LLC charge?**
Its Form ADV Part 2A brochure dated February 13, 2026 states: Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is NWM Advisors, LLC located?**
NWM Advisors, LLC's principal office is in San Luis Obispo, CA, according to its Form ADV.

**Is NWM Advisors, LLC registered with the SEC or a state?**
NWM Advisors, LLC is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 283714.

**How much does NWM Advisors, LLC manage?**
NWM Advisors, LLC reports $329,057,624 in regulatory assets under management in its Form ADV filing dated February 13, 2026 (96% discretionary).

**How have NWM Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for NWM Advisors, LLC: Regulatory assets under management: $206,001,467 in the October 2021 data and $329,057,624 in the October 2026 data, up 60%. Total employees: 3 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does NWM Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (124); individuals (other than high net worth individuals) (47); pension and profit sharing plans (but not the plan participants or government pension plans) (20).

**Which custodians does NWM Advisors, LLC use?**
NWM Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does NWM Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/283714

**What changed in NWM Advisors, LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $293,626,427 to $329,057,624 (+12%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 13, 2026)

- Asset-based fee: up to 1.5% of assets a year (the maximum the brochure states)

> The maximum annual fee charged for this service will not exceed 1.5%. Fees to be assessed will be outlined in the advisory agreement to be signed by the Client.

> Fees based on a percentage of managed Plan assets will not exceed 1.50%. The fee-paying arrangements for Retirement Plan Consulting service will be determined on a case-by-case basis.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $329,057,624
- Discretionary: $317,186,141
- Non-discretionary: $11,871,483

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 47 | $7,433,635 |
| High net worth individuals | 124 | $278,345,324 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 20 | $37,227,175 |
| Charitable organizations | Fewer than 5 | $2,910,816 |
| Corporations or other businesses not listed above | Fewer than 5 | $3,140,674 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 2016 (10 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NV, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [nwmadvisors.com](https://nwmadvisors.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $206,001,467 | 3 | April 12, 2021 |
| October 2022 | $247,120,840 | 2 | February 9, 2022 |
| October 2023 | $211,225,524 | 2 | August 11, 2023 |
| October 2024 | $247,834,533 | 2 | February 14, 2024 |
| October 2025 | $293,626,427 | 2 | February 25, 2025 |
| October 2026 | $329,057,624 | 2 | February 13, 2026 |

Regulatory assets under management: $206,001,467 in the October 2021 data and $329,057,624 in the October 2026 data, up 60%.
Total employees: 3 in October 2021 and 2 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $293,626,427 to $329,057,624 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. NWM Advisors, LLC (CRD 283714): Form ADV filing data as of October 2026.